HomeMy WebLinkAbout0744 . TY f~A.
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Auc 16 8 se aM'11
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sball haw tQe optbn to reoaive aad app(~? ths sam~ on ~aoount oi th~ indsbtednea Mcund l~by or to pe~mit
s~id Moctgaaar to re~eive and uss it ar ~q~? put tbsrsot tcr ot6e~ puefw~M withont t6~nb1 waivin~ or in~p~in~
an,Y quity. lis~ or right ander o~ by virtue c~ thi~ matea~ ~nd in tb~ weat nW M~~ sball for aq~ reason
fail to keqr tbs ~aW pre~ises so inwrsd. or tail eo ddivK pe~omptb W ot sdd polieis~ ot 6wranos to aid
Mcrt;sg~. at fail pn?mpt~q to Wy fi~IIY any Pcemium the~stor. or in arpr cespset, hil W pe~fcrm. discsargr.
a:cuta etteet,. oomPlsta oomp~y wit!? and abid~ by this ~oveoso~ cc aq7 P~rt heeeot. ~aW IKotti~ ~ P~~ ~
p~ tae sneh ins~ranos o~ any put th~c:t w[t6ont waivfog o~ aitxtin8 W aP~• ~eO• e9~7 a~ tisht undK a~ by ;
virtw of tbis nwrt8~6e. and t6s tall amoun~ af e~ch and e:~ ~h paymeQE ak~! be ~~teiy dus aod P~yabls ~
and shell bear int~es! twm tbs date tha~+eof untD paid ~t t6e nte oE ten per centum per annum and Logether wlth ;
such 1nte~esi a6a11 be secvred bp ths lien oi t6it a~ortsaas.
4. Tb permi~ oom~[t or autEec no w~Ke~. imp~rmsat or def.eriaatio~ ot ,a~id pe+operty or aetp p~rt tl~e~eof.
b. '!b p~y sll and sing~r the co~te. cL~r6'M ~nd ~8 reasonabls lawye~'s fees and ooet ot
abetracts ot title. incnrred a~ paid ~t aq~? t~ by said 11~ortg~aes bcame and/o~ ia t6s event ot tLs ta~rs on tLs
p~rt ot shs said Mottgag~x to ddy. pe~ompw ~ad tnD~? p~tam. disel~rse. e~vte. eHect. com~lete. oom~l,~' wkh
and abids by ei~c6 aad sven? t6s stipnlations. a~eemsota. oooditioo~ and oaveo~nts ot s~W pe~omiaory nots. and
this matg~8e. ~ny or eithe~. and s~id coet~. cbarS'e~ ud e~cPeo~es. e~cd aud evec7. sdll bs immsdi~te~? dns and
P~Y~~ whst6sr or not tMrs bs notios. dem~nd. att~pt to oolket or euit pmding: aad t~hs lnll ~mount ot e~eh
and everY MY~t sh~U be~r inte~ert trom t6s date ther~eot until p~id ~t ths nte of ten psr oe~wm per
annum: and all said co~ts. c~rgss and eiPeose~. so ineurrad ~ p~id, togetbae with such interss~ sha9 bs sea~red by
ths liea oi t6is mortgags. ~ .
e. That la1 in the event oE any bre~eh ot tbis matga8e o~ dsfauk on t6s p~rt of tLe Mo~t~agor. or lbl in t6~ .
• evmt any ot said eums ot monsy 6eeain ret~cred to bs not pro~ptly and in~y pdd within teo days nezt atte~ th~
s~me ssvecally beoome dne and P~Yabie? witbo~t dam~nd or no"sica ar k1 in t6s event e~ch ~nd eveq t6e etipnlatioos.
sg~eemeats. oooditions and ooveoaots oi nid prani~sory note and t~ moetgage. an,Y or eitl~. aes not dnbr.
p~omptb and inlw? Perf~msd, direha*~ed. esewted. e~ected. oompleted. oon~isd witb and abided M, thao. in ait6er
ar au~+ wch ev~~ ths s~id aggregats ium mentioned In said p~miaoey nots t6en remainin8 unP~id. ~ mt~st -
aecrued. and all monsy~ seenred be~sby. et~ll b~oome dns ~nd payabls fatDwith. ar thereait~. at ths option d a~id
Matg~gae~ as fnlty and u if alt ot t6s said sums of nomey wee~s ariginvly stipa4ted to bs p~id on
snch day, anythins in s~id promiseary note. ~nd a~ in t~is mortga8s to ths oontnrp notwith~4o~din~ and
tbenupon oc t~ereaiter at tbs option o! s~id ldoetgags~. wit6out notioe ar ~ d~mand. snit at lsw cr in eqnity. -
t6e~etotcre. a~ tbere~fter begun, m~y be P'o~ecat~d as ii all monsys ~senred hersb'~? had matured prior to its
inst3tntion. ' . .
~.c tn ct~ ~c cuac .c c~ ~nnina ot or .c .ny t~s ~ .nr ~tc ~on ~ ~cg.ge. or co t«~ose
it. or w reform it. andlor to enfoe~os payment of any cl~ims he:e~mder. s~id Martg~es shall apply to tM oovut
having jwisdiction t6a~sof for tbe appointment ot a Reoeiver. sne~ aauet ~hdl tarthwith apQo~iat a lieoaiv~er d s~id .
~8~8'~ ~tY +n ~ ~S~T• ~8 ~ ~ ~ tLs rents iaoome pro8t~s. iisnes and re~venues firomm .
whatever sonros darived. eac~ and ev~r of whic6. it bdns azpnsab? anderstood is hareby mnstp6ed as tf
; ~y set fa~th and desaibed in tbs ~antia~ and babeodum ~1au~es 6ereof. and anch lieoeivar s6aD Lsve
~ aII t~be be+oad and effeetive ionctioos and pow~s in an~wiss enteusted b7 a oo~t to a Iteod~rar. and we6 ~ppomcment
•6a11 bs m~ds by such ooart si ~n admitted eqnit~? and a matt~ of absoh~te right to s~id Martaagee. a~d wit6out
iefereaoe to t6e adequacy ar in~deqwey of t6s val~s of ths pcopeetY matga8ed o~ to the ao~veoep or iasoWe+~.7
of eaid Mo'tgagor andlor of ths d~'eodanta and th~t such rsata ~ P~ ~ La~es and rsvsauas sh~ll bs a~piied
by wch Receivar aooording to t6s kin and/or equit~ of eaid Martga~ee ~nd tbs p[actioe ot sodi courk
8. It is nndarataod and agreed th~t t6is matgag~s ls givea to seau+e. in ~dditioa to the note or obligation
above described any add~l io~n~ or fadu+s advana~ m~de withm twaa~y years trom dats hereof b}? tbs mo~t~a8ee
to nid mortaaga~s or any asoossaor in tltk of ntd mo:tg~g~ors ot t6s pevpKty heeeby ooaveyed: Pr'ovided that t6e
totd' tmp~id bdaoos of the indebtednses sea~red hee+eby at an time s6all not ezosed the m~ia~nm peindpal
.~ncor Seven thousand five hundred~(7,500.~0~-----------------------"-'~~
K 1. P~ interest tbe~eon and any disbunements mde by t6e moctgrgee for ttie payment oi tases. bvies ar ins~a~anoe
oa tbe pe~o~perty eacumberod 6~by. wdth intarost oa snc~ dLbu=se~snts. .
IN WITNB3S WHEREOF. tbe aaid Matgagor has eucuted this matgags under se~l on the day and year herein
5rst above writtea. _ .
3igned. sea{ed a~ delivered 'm tbe preee~oe of: ~
~.-~~~~-~~~.r~-- - .
~ -
~ ~ elen K. thieson
3TATE OF FLOAIDA ~
COUNTY OF 3T. LUCIS ' ~
Carl 0. Mathieson, Jr. and Helen K. Mathieson, his wife
of 38520 A~plewood, Mt. Cleniens, MI 48019
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0o ms wei! koo~wn ~nd imown ~o ms to bs tbs fndividaaLS de~ceibed in ~md who ezewted t6s foeegoina
and sdcnowlsdged before ms t]~tt-..bs..yt eucnted the wms tor tbs paepo~ tberain ' 76.
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tbs Count~ and 3t~te Aiareaid. -
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